[andrenth]

While in theory that’s true, Venezuela also has strong government-imposed price controls backed by a violent militia.

[AstralStorm]

Nation owned is still publicly owned, not ran by workers.

This is exactly the same thing that happened to originally collectivist farming in Soviet Russia - it quickly got nationalized or virtually nationalized by centrally mandated quotas.

[andrenth]

“Giving it to the people” is code for government ownership.